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Jefferies reiterates Nvidia and Marvell as buy The firm says the two chipmakers still have the most upside. Citi upgrades Bank of America to buy from neutral Citi says the bank could be a beneficiary of lighter regulation. Bank of America downgrades Rivian to neutral from buy Bank of America said it sees regulatory risk under a Trump administration. Bank of America upgrades Teledyne Technologies to buy from neutral The firm says it sees upside ahead for the industrial conglomerate. Goldman Sachs upgrades Wingstop to buy from neutral The firm says the wings restaurant has "best-in-class" growth.
Persons: William Blair, Warby Parker, Bernstein, Apple, Lowe's, Jefferies, Goldman Sachs, Sweetgreen, Goldman, outperformance, it's bullish, BNTX, Oppenheimer, Piper Sandler, Wells, Airbnb, Gross, Trump, TDY Organizations: Apple, Apple Intelligence, Nvidia, Marvell, Enterprise, JPMorgan, China EV, Catalyst, Holdings, Barclays downgrades, Body, Citi, U.S, Deutsche Bank, UBS, Molson Coors, OW, Bank of America, Trump Administration, " Bank of America, Teledyne Technologies Locations: AVGO, 4Q24, DPZ, UW
Rivian posted an adjusted loss of 99 cents per share on $874 million in revenue. Analysts polled by LSEG had forecast a loss of 92 cents per share on revenue of $990 million. On the other hand, Block's adjusted earnings of 88 cents per share beat analysts' estimates by one cent. DraftKings said its fourth-quarter adjusted earnings before interest, taxes, depreciation and amortization will range between $240 million and $280 million. Expedia's adjusted earnings for the third quarter came in at $6.13 per share, beating analysts' call for $6.04 a share, per LSEG.
Persons: Rivian, LSEG, Airbnb, Akamai, FactSet, DraftKings, Sweetgreen, Toast, Julie Whalen, Jimmy Choo, Michael Kors, Versace, , Darla Mercado, Lisa Kailai Han, Alex Harring Organizations: StreetAccount, Revenue, Arista Networks, Capri Holdings, Capri Locations: LSEG
The biggest travel trend of 2022 was to go big, spend big — with people eagerly booking bucket list-style trips to places like Bali, Rome, London and Paris. But two new reports show travelers are now in a very different headspace. Trend reports from Expedia and Booking.com show vacationers are forgoing splashy trips to global hot spots in favor of quieter trips to places that are lesser-known — and far less crowded. Some 63% of travelers said they are likely to visit an off-the-beaten-track destination on their next trip, according to Expedia's "Unpack '25," a travel trend report which surveyed 25,000 respondents from 19 countries. They want to move away and find equivalent destinations that haven't been discovered by that many people."
Persons: Japan Abu, James Marshall Organizations: France, United Locations: Bali, Rome, London, Paris, Expedia, Reims, France Brescia, Italy Cozumel, Mexico Santa Barbara , California Waikato , New Zealand Girona, Spain Fukuoka, Japan, Japan Abu Dhabi, United Arab Emirates, Thailand Canmore, Canada
Uber discussed a bid for the $20 billion travel booking company Expedia , CNBC confirmed, in a deal that would push the ride-share company into new markets beyond car travel and food delivery. Expedia is familiar territory for Uber CEO Dara Khosrowshahi, who previously served as CEO of the travel group from 2005 to 2017. Expedia reported $28.8 billion total gross bookings in its second-quarter results in August. An acquisition of Expedia would be a "‘major strategic home run" for Uber, Dan Ives, Wedbush Securities managing partner, told CNBC's "Squawk Box" on Thursday. "I think they're going to be on the hunt for M&A."
Persons: Uber, Dara Khosrowshahi, Khosrowshahi, Expedia, Dan Ives, CNBC's, they're, Ives Organizations: CNBC, Financial Times, Wedbush Securities
Amazon Prime members who missed out on epic deals from Amazon Prime Day back in July can try their luck again over Amazon Prime Big Deal Days, coming up on October 8 and October 9. Amazon Prime Visa: 5% cash back with no limitAmazon Prime members who also have the Prime Visa credit card can earn 5% cash back on almost anything purchased from Amazon and Whole Foods. In addition to earning 5% back on Amazon, cardholders with an Amazon Prime membership also earn 5% on purchases from Amazon Fresh, Whole Foods, and Chase Travel℠ purchases. Even cardholders without Amazon Prime membership can earn 3% cash back on purchases from Amazon, Amazon Fresh, Whole Foods, and Chase Travel℠. Other cards offer higher cash-back rates on non-Amazon purchases Insider’s Take The Amazon Prime Visa is a good choice if you're already an Amazon Prime member — and do quite a bit of online shopping.
Persons: you've, you’ve, Chase, , Katherine Fan, Katherine, Guy, Nerdwallet, Fortune, Katherine moonlights, she's, She's Organizations: Amazon, Visa, Amazon.com, Amazon Prime, Deal, Discover, Foods, Chase Travel, FDIC, Finance, Business, Cards, CNN, Forbes, Wall, Dallas Morning News, Newsweek, Nasdaq, MSN, Yahoo, SXSW, Austin American, Statesman, University of Texas, National Taiwan University Locations: Amazon, Austin, orcas, Antarctica, Japan, New Zealand, South Africa, Taiwan
Chase Freedom Flex® Review 2024Chase Freedom Flex® Insider’s Rating Info icon Insider's Ratings are decided by our editorial team. Chase Freedom Flex® Overview and Key FeaturesThe Chase Freedom Flex® credit card has been extremely popular since it debuted a few years ago. Consumer Insights on the Chase Freedom Flex®The Chase Freedom Flex® is well-loved for the various benefits mentioned above. Chase Freedom Unlimited® vs. Chase Freedom Flex®The Chase Freedom Unlimited® is a cousin of the Chase Freedom Flex®, and another one of Personal Finance Insider's picks for the best credit cards. Chase Freedom Flex Frequently Asked QuestionsWhat is the Chase Freedom Flex Credit Card?
Persons: takeout, Chase, There's, cardholders, You'll, Cash, you'll, it's, Finance Insider's, Cardholders, Read, you've, What's, Katherine Fan, Katherine, Guy, Fortune, Katherine moonlights, she's, She's, Jasmin Baron Organizations: Business, Citi, Chase, McDonalds, PayPal, Chase Travel, Mastercard, Sapphire, Emergency, Lyft, Consumer, Finance, Restaurants, Citi Entertainment, Amazon.com, Cards, CNN, Forbes, Wall, Dallas Morning News, Newsweek, Nasdaq, MSN, Yahoo, SXSW, Austin American, Statesman, University of Texas, National Taiwan University Locations: There's, Reddit, Chase, Austin, orcas, Antarctica, Japan, New Zealand, South Africa, Taiwan, Canada
Chase Sapphire Reserve® OverviewThe Chase Sapphire Reserve® is one of the best travel rewards credit cards of all time. Chase Sapphire Lounges will be available to Chase Sapphire Reserve® cardholders and all Priority Pass members. Chase Sapphire Reserve® vs. Chase Sapphire Preferred® CardIf you're trying to decide between the Chase Sapphire Reserve® and Chase Sapphire Preferred® Card, you'll want to decide if each card's annual fee is justified based on your travel and spending habits. Chase Sapphire Reserve® Cardholder InsightsAs part of our analysis of the Chase Sapphire Reserve®, we've considered discussions across various forums, including notable mentions on Reddit and FlyerTalk. Chase Sapphire Reserve® Frequently Asked QuestionsWhat credit score do you need to get the Chase Sapphire Reserve®?
Persons: Chase, Chase Travel ℠, you'll, Sapphire, John F, Chase Sapphire, You'll, Uber Cash, we've, you'd, you've, they'll, David E, David, , Read, Katherine Fan, Katherine, Guy, Fortune, Katherine moonlights, she's, She's, Angela Fung Organizations: Business, American, Chase, Chase Travel, Sapphire, Chase Sapphire, TSA, FDIC, Chase Dining, American Express, Hong Kong International Airport, New, Kennedy, LaGuardia, Rental Insurance, Avis, Avis , National, Emergency, Transportation, Sapphire Reserve, Reserve, Capital, Venture, Centurion, overpaying, Yorker, Muhlenberg College, University of Edinburgh, Twitter, Finance, Cards, CNN, Forbes, Wall, Dallas Morning News, Newsweek, Nasdaq, MSN, Yahoo, SXSW, Austin American, Statesman, University of Texas, National Taiwan University Locations: DoorDash, airfare, Boston, Austin, Canada, Avis ,, Seattle, Redbird, Los Angeles, Healdsburg , California, New York City, Chicago, Reddit, Dallas , Denver, Dulles, Las Vegas, New York, Hong Kong, Chevron, There's, Slotnick, Scotland, orcas, Antarctica, Japan, New Zealand, South Africa, Taiwan
The Amazon Prime Visa earns 5% back at Amazon and Whole Foods and offers 0% intro APR on select purchases. Earn an instant $200 by signing up for a new Amazon Prime Visa credit card by July 24. Cardholders with Amazon Prime membership earn 5% back on Amazon, Amazon Fresh, Whole Foods, and Chase Travel purchases, all without paying an annual fee. If you're an Amazon Prime member, your Prime Visa card benefits extend far beyond the initial bonus and 5% cash back. Cardholders without Amazon Prime membership earn 3% cash back on Amazon bonus categories: Amazon, Amazon Fresh, Whole Foods, and Chase Travel.
Persons: You'll, Chase, , cardholders, you've, you'll, we've, Katherine Fan, Katherine, Guy, Nerdwallet, Fortune, Katherine moonlights, she's, She's Organizations: Amazon, Visa, Foods, Read, Chase Travel, Amazon.com, FDIC, Prime, Finance, Cards, CNN, Forbes, Wall, Dallas Morning News, Newsweek, Nasdaq, MSN, Yahoo, SXSW, Austin American, Statesman, University of Texas, National Taiwan University Locations: Austin, orcas, Antarctica, Japan, New Zealand, South Africa, Taiwan
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailAmericans take less time off but Europeans say they're more 'vacation deprived'Some 84% of Germans and 69% of French workers said they feel "vacation deprived" even though they take the most days off work, according to Expedia's 24th "Vacation Deprivation Report."
That's despite respondents from both countries taking the most vacation days — 27 days and 29 days, respectively — in the survey. However, only 53% of Japanese said they feel "vacation deprived" compared to 65% of Americans, it showed. Expedia's report indicates that feeling "vacation deprived" has less to do with the actual time off one takes, and more to do with cultural mores around work and free time. Wasted vacation daysDespite most workers indicating they feel vacation deprived, respondents from nearly every location admitted to letting some of their annual leave lapse. "In 2024, 15% of Hong Kongers plan on taking 31 vacation days, exceeding the average allotted 25.5 days," said Hudson.
Persons: That's, Christie Hudson, Hudson, Hong Kongers, Hong Kong, Hong, Japan aren't Organizations: Expedia Locations: Japan, United States, France, Germany, Hong, Hong Kong
Using the CNBC Pro Stock Screener tool , we found the most overbought and oversold stocks on Wall Street based on their 14-day relative strength index, or RSI. Stocks with a 14-day RSI lower than 30 fall under oversold territory — and may be due for a rebound in the future. Here are some of the most oversold names: Expedia made the cut of oversold names, off more than 2% week to date. Expedia has a 14-day RSI reading of about 26. The firm also slashed its price target to $434 from $612, citing a faster-than-expected slowdown in the beauty segment.
Persons: Expedia Organizations: Nasdaq, Dow Jones, CNBC, Stock, Barclays, Defense, Leidos Holdings, NextEra Energy, Navigation, Garmin
Expedia's quarter was mixed, not a terrible disappointment, says Jim Cramer'Mad Money' host Jim Cramer takes a closer look at travel comapnies quarterly results.
Persons: Jim Cramer
Airbnb told CNBC that business practices such as Agyeman's aren't permitted. Airbnb told CNBC it had no business relationship with Agyeman and had taken action to curtail his operations. Carr and other HFA investors told CNBC their frustrations were dismissed or met with legal threats. To get around Airbnb's rules, HFA instructed its investors to list their own homes, a former employee and two investors told CNBC. Airbnb told CNBC that it was rolling out a more robust verification process in the U.S. and elsewhere beginning as early as 2024.
Persons: Elham Ataeiazar Daryn Carr, Carr, Anthony Agyeman, Agyeman, HFA, they've, Agyeman haven't, Airbnb, Brian Chesky, Brendan McDermid, Reuters Carr, Thomas Hunker, Hunker, Wessel Botes, Megan Shears, Shears, It's, Kathy, she'd, copywriters, couldn't, who'd, Collin Ballard, Collin Ballard Ballard, Ballard, lister, HFA's, Agyeman's Wealthway, Wealthway, David Levine, he's, Levine, Levine didn't Organizations: Federal Trade Commission, Department of Justice, Justice Department, FTC, CNBC, Inc, New York Stock Exchange, Reuters, Agyeman, Investors, Google, HFA, MGM, Dallas, North Locations: hustles, Covid, New York City, New York, Airbnb, HFA, Texas, Instagram, Fort Myers, Sanibel, Las Vegas, Dallas, U.S, Agyeman, Florida, North America, Botes
Daiwa reiterates Apple as outperform Daiwa said it needs to see more growth from Apple, but that it's sticking with its outperform rating. " "We reiterate our Outperform rating on Dick's Sporting Goods and lift our 12- to 18- month price target to $190 (from $145)." Bank of America reiterates Pinterest as buy Bank of America said it's standing by Pinterest shares after earnings on Thursday. Initiating Coverage On Vivid Seats With A BUY Rating And $10 Price Target. Bank of America initiates Ocular Therapeutix as buy Bank of America said it's bullish on the opthalmic biotech company.
Persons: Morgan Stanley, it's, Wedbush, Tesla, Daiwa, Oppenheimer, Argus, Pinterest, Goldman Sachs, Goldman, Wells, Craig, Hallum, Cleveland, it's bullish Organizations: Citi, Liberty Global, Apple, Dick's Sporting Goods, Bank of America, HSBC, Bunge, Argus, Health, PayPal, Costco, Alphatec Holdings, United Airlines, Target ., JPMorgan, " Bank of America Locations: FCF, Cleveland
Read previewThe Maldives is a dream destination for many travelers, including honeymooners, wealthy families, and even budget explorers like me. This story is available exclusively to Business Insider subscribers. The plan was to spend five days in the Maldives and stick to a $1,000 budget — this had to include flights, accommodation, activities, and everything in between. Flights to the Maldives can be pricey, even when flying from Singapore, the city-state in Southeast Asia where I'm based. AdvertisementHere are five things I did to save money and not break the bank:
Persons: , South Asia — Organizations: Service, Business, Henley Locations: Philippines, Maldives, South Asia, Singapore, Southeast Asia
Persistent inflationary pressures have led to depressed levels of consumer spending all year, according to Bank of America. Consumers are still spending — in fact, they're spending more than they are earning — as employment levels and hourly wage growth remain fairly strong . Some analysts see an opportunity to pick up shares of battered-down retail stocks. According to Barclay's Yih, spending levels "almost have to be worse" next year. LPL's Roach similarly expects consumers spending to hit a roadblock in the coming months.
Persons: bode, Neuberger Berman, Steve Eisman, Jeffrey Roach, Adrienne Yih, Yih, Randy Hare, Ross, Polly Wong, Belardi Wong, James Lewis, Huntington's Hare, Bartlett, Chris Kempczinski, Lewis, , it's, Anthony Chukumba, Chukumba, Wells, Ike Boruchow, Kathleen Entwistle, Entwistle, LPL's Roach, Morgan Stanley's Entwistle, Barclay's Yih, Roach Organizations: Bank of America, CNBC, Consumers, Barclays, Ross, Huntington National Bank, Bartlett Wealth Management, Walmart, Retailers, Republic, Urban Outfitters, Eagle Outfitters, National, Capital, National Vision, Nike, Ross Stores, Morgan Stanley Private Wealth Management, Investments, Citizens JMP Securities, Delta Air Lines, Deutsche Bank Locations: U.S, Wells Fargo
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailExpedia's been the 'problem child' in online travel space, says Evercore ISI's Mark MahaneyMark Mahaney, Evercore ISI head of internet research, joins 'Squawk Box' to discuss Evercore's latest survey on travel demand, the stocks to play in the travel sector, and demand for alternative lodging.
Persons: Expedia's, Evercore, Mark Mahaney Mark Mahaney
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailLee Munson explains why investors should bail on Nvidia, Expedia and CVS HealthLee Munson, Portfolio Wealth Advisors president and CIO, joins 'The Exchange' to discuss how to trade hedge fund filing names, Expedia's struggle to compete against credit card points, and the competitive business of urgent care clinics.
Persons: Lee Munson, CVS Health Lee Munson Organizations: Nvidia, Expedia, CVS Health
A Spirit Airlines jet taxis from Newark Liberty International Airport in Newark, New Jersey, U.S. December 6, 2019. REUTERS/Chris Helgren/File PhotoAug 3 (Reuters) - U.S. travel stocks fell in early trading on Thursday following downbeat quarterly reports from Spirit Airlines (SAVE.N) and Expedia (EXPE.O) that amplified concerns domestic demand may be easing after a strong rebound from pandemic lows. Spirit, which mainly operates on domestic routes, also forecast weaker-than-expected revenue for the third quarter, with Citi analysts citing the effect from travel demand shifting to international from domestic. Adding to the gloom, online travel firm Expedia Inc (EXPE.O) reported smaller-than-expected bookings for the second quarter, even as it said travel demand remained "strong." "We believe this is further evidence of softening in U.S. travel demand trends while international growth continues to outperform," Wedbush analyst Scott Devitt said in a note.
Persons: Chris Helgren, Gross, Scott Devitt, airfares, Priyamvada, Kannaki, Pratyush Thakur, Sriraj Organizations: Spirit Airlines, Newark Liberty International Airport, REUTERS, Citi, Southwest Airlines, Alaska Air, Delta Air Lines, United Airlines, American Airlines, Expedia Inc, Thomson Locations: Newark , New Jersey, U.S, Southwest, Bengaluru
May 9 (Reuters) - Vacation rental booking company Airbnb Inc (ABNB.O) said on Tuesday that it expected fewer bookings and lower average daily rates in the second quarter versus a year earlier, sending shares down 11.5% in after-hours trading. Average daily rates were flat year-on-year at $168. Nicholas Cauley, an analyst at Third Bridge, said pressure on household budgets was likely to result in consumers choosing more affordable accommodation, leading to a decline in average daily rates in future quarters. "Some of the pressures that we're seeing there on overall revenue growth has frankly just been some of the elevated (average daily) rates," Airbnb Chief Financial Officer David Stephenson told investors. The company said earlier this year that average daily rates would remain pressured as vacationers returned to lower-cost urban rentals.
Inflation and higher living costs may be weighing on consumers' wallets, but there's one area where many are unwilling to cut back: their desire to travel. The number of people willing to fork out more on travel could be even higher, as costs rise. Inflation and higher living costs may be weighing on consumers' wallets, but many are unwilling to cut back on travel. Jackyenjoyphotography | Moment | Getty ImagesThe disconnect could mean travel companies might fail to provide consumers with the deals they're looking for. The United Nations World Tourism Organization said that it expects the global tourism market to recover 80% to 95% of pre-pandemic levels this year.
Feb 9 (Reuters) - Online travel booking company Expedia Group Inc (EXPE.O) missed Wall Street estimates for fourth-quarter profit on Thursday, hit by a spike in cancellations and bad weather near the end of the quarter. Travel demand has generally been strong throughout last year despite recession and inflation fears. Expedia posted revenue of $2.62 billion, missing Wall Street estimates of $2.7 billion. The company's quarterly adjusted profit was $1.26 per share, short of analysts' expectations of $1.67 per share, according to Refinitiv data. "They said last quarter that they're seeing evidence that they're getting better marketing ROI-wise, but it's not coming through in the numbers for us," he added.
Feb 9 (Reuters) - Online travel booking company Expedia Group Inc (EXPE.O) missed Wall Street estimates for fourth-quarter profit on Thursday, as severe weather conditions toward the end of the year hurt its business despite strong travel demand. "While our Q4 results were negatively impacted by severe weather, demand was otherwise strong and accelerating," Expedia Chief Executive Officer Peter Kern said in the company's earnings release. Expedia reported fourth-quarter adjusted profit of $1.26 per share for the quarter ended Dec. 31, short of estimates of $1.67 per share, according to Refinitiv data. Expedia's revenue of $2.62 billion missed Street estimates of $2.7 billion. Meanwhile, the Seattle-based company reported $20.5 billion in total gross bookings across its travel products including lodging and flights, up 17% a year prior.
When Uber first approached now-CEO Dara Khosrowshahi about leading the company, he ignored the call. It was 2017, and the rideshare app was going through a "historically difficult time," Khosrowshahi told LinkedIn CEO Ryan Roslansky in a recent interview. He was entering his twelfth year as Expedia's CEO, and still "having a great time," he told Roslansky. He was prepared to call Uber's board of directors and take himself out of the running for CEO — until one conversation with a friend changed his mind. The following morning, Khosrowshahi called the head hunter back — and in August 2017, he was announced as Uber's new CEO, after a unanimous vote from the board.
It's time to look elsewhere in the travel sector after Booking Holdings ' recent gains, according to Bank of America. Analyst Justin Post downgraded the stock to neutral from buy, saying there's less upside after Booking's recent outperformance. The travel stock outperformed the S & P 500 , which rose more than 4% over the same time period. He lifted his booking estimates for Booking, Expedia and Airbnb above Street consensus. The company has focused on building customer loyalty with its app and Post expects that will help it going forward.
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